September 15, 2008

The bear market is here to stay. No more cheap money to go around. How much Indian equity these troubled companies own and how much they will have to sell is not clear. What would happen, if they try to liquidate their Indian holdings?. And who will replace them as owners of huge chunks of the Indian large caps?

PS: i have to go check up what the indian "free market" crowd is doing these days..

vinod,they have the standard boilerplate excuse marxists have been using since the ussr went bust - " this is not our free market system and if it had been a perfect free market this wouldn't have happened"